Qualcomm Incorporated (NASDAQ:QCOM – Get Free Report) has received a consensus recommendation of “Hold” from the thirty-eight analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, twenty have given a hold recommendation, sixteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $220.4483.
A number of research analysts have recently commented on the company. Rosenblatt Securities increased their price objective on Qualcomm from $190.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Guggenheim set a $200.00 target price on Qualcomm in a research report on Monday, June 22nd. Roth Capital began coverage on Qualcomm in a report on Friday, May 8th. They set a “buy” rating on the stock. Royal Bank Of Canada lifted their price target on shares of Qualcomm from $175.00 to $250.00 and gave the company a “sector perform” rating in a research report on Thursday, June 25th. Finally, Summit Insights upgraded shares of Qualcomm from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th.
Read Our Latest Analysis on QCOM
Qualcomm Trading Up 2.4%
Qualcomm (NASDAQ:QCOM – Get Free Report) last posted its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.09. Qualcomm had a return on equity of 42.11% and a net margin of 22.31%.The company had revenue of $10.60 billion for the quarter, compared to analyst estimates of $10.59 billion. During the same period last year, the company earned $2.85 earnings per share. The business’s revenue was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. Analysts expect that Qualcomm will post 7.96 EPS for the current fiscal year.
Qualcomm declared that its board has initiated a share repurchase plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the wireless technology company to repurchase up to 14.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
Insider Activity
In other news, EVP Heather S. Ace sold 3,200 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $177.82, for a total value of $569,024.00. Following the sale, the executive vice president directly owned 39,735 shares of the company’s stock, valued at approximately $7,065,677.70. This trade represents a 7.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Cristiano R. Amon sold 10,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $180.00, for a total value of $1,800,000.00. Following the completion of the sale, the chief executive officer directly owned 197,568 shares in the company, valued at approximately $35,562,240. This represents a 4.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 21,721 shares of company stock worth $3,918,290. Insiders own 0.05% of the company’s stock.
Institutional Trading of Qualcomm
Several hedge funds have recently added to or reduced their stakes in the business. Your Advocates Ltd. LLP bought a new position in Qualcomm in the 1st quarter worth approximately $26,000. Richardson Financial Services Inc. boosted its position in shares of Qualcomm by 90.9% in the fourth quarter. Richardson Financial Services Inc. now owns 168 shares of the wireless technology company’s stock valued at $29,000 after acquiring an additional 80 shares during the period. Torren Management LLC acquired a new stake in shares of Qualcomm in the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Qualcomm by 17,000.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 171 shares of the wireless technology company’s stock worth $29,000 after acquiring an additional 170 shares during the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new stake in shares of Qualcomm in the fourth quarter worth $31,000. Institutional investors own 74.35% of the company’s stock.
Key Headlines Impacting Qualcomm
Here are the key news stories impacting Qualcomm this week:
- Positive Sentiment: Bernstein’s Stacy Rasgon said AI demand is “exploding,” with tight memory capacity boosting demand across chips, wafers, and related tools — a bullish backdrop for Qualcomm and other semiconductor names. Article Title
- Positive Sentiment: Qualcomm’s automotive business is continuing to grow, with record automotive revenue of $1.33 billion in Q2 fiscal 2026, up 38% year over year, supported by Snapdragon Digital Chassis adoption. Article Title
- Positive Sentiment: DBS Bank upgraded Qualcomm to moderate buy, adding to the positive sentiment around the stock. Article Title
- Positive Sentiment: Several bullish commentary pieces argue Qualcomm’s data center pivot and automotive strength could support a larger rebound after its earlier pullback, with one model projecting significant upside over the next 12 months. Article Title
- Neutral Sentiment: Qualcomm announced an on-device AI deepfake detection partnership with Scam.ai for its Halo platform, highlighting expansion beyond smartphones into AI security applications. Article Title
- Neutral Sentiment: Some analysts and market commentary note that Qualcomm was removed from certain Russell growth and defensive indices, which may create mechanical fund-flow pressure and temper gains. Article Title
- Negative Sentiment: Not all coverage is upbeat: Goldman Sachs reiterated a hold rating, and one Seeking Alpha piece argued Qualcomm’s strategic shift may not be enough to change sentiment quickly. Article Title
Qualcomm Company Profile
Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.
The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.
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